Lawson Kroeker Investment Management Inc. NE Sells 518 Shares of Chevron Co. (NYSE:CVX)

Lawson Kroeker Investment Management Inc. NE lowered its stake in shares of Chevron Co. (NYSE:CVXGet Rating) by 1.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 34,279 shares of the oil and gas company’s stock after selling 518 shares during the period. Chevron makes up approximately 1.7% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 23rd biggest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Chevron were worth $4,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CVX. KRS Capital Management LLC purchased a new stake in shares of Chevron during the 4th quarter valued at about $177,000. Axiom Advisory LLC purchased a new stake in shares of Chevron during the 4th quarter valued at about $573,000. Invesco Ltd. increased its position in shares of Chevron by 6.8% during the 4th quarter. Invesco Ltd. now owns 14,400,260 shares of the oil and gas company’s stock valued at $1,689,870,000 after purchasing an additional 917,773 shares during the last quarter. GHP Investment Advisors Inc. increased its position in shares of Chevron by 2.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 20,096 shares of the oil and gas company’s stock valued at $2,358,000 after purchasing an additional 405 shares during the last quarter. Finally, Quilter Plc increased its position in shares of Chevron by 53.3% during the 4th quarter. Quilter Plc now owns 397,254 shares of the oil and gas company’s stock valued at $47,377,000 after purchasing an additional 138,153 shares during the last quarter. Institutional investors own 69.30% of the company’s stock.

Chevron Stock Down 2.6 %

NYSE CVX opened at $156.45 on Monday. The company has a market capitalization of $307.39 billion, a P/E ratio of 10.44, a P/E/G ratio of 0.60 and a beta of 1.15. The stock has a 50 day moving average price of $154.36 and a 200-day moving average price of $160.41. Chevron Co. has a one year low of $93.31 and a one year high of $182.40. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.31.

Chevron (NYSE:CVXGet Rating) last posted its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 EPS for the quarter, topping the consensus estimate of $4.66 by $1.16. The company had revenue of $68.76 billion during the quarter, compared to analyst estimates of $57.69 billion. Chevron had a net margin of 13.45% and a return on equity of 19.73%. Chevron’s quarterly revenue was up 82.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 earnings per share. As a group, equities analysts predict that Chevron Co. will post 18.4 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 19th were paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Thursday, August 18th. Chevron’s dividend payout ratio is currently 37.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Societe Generale raised shares of Chevron from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Credit Suisse Group reissued an “outperform” rating and issued a $202.00 target price on shares of Chevron in a report on Thursday, August 11th. The Goldman Sachs Group reissued a “neutral” rating and issued a $172.00 target price on shares of Chevron in a report on Thursday, August 4th. Piper Sandler increased their target price on shares of Chevron from $189.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, September 12th. Finally, Cowen increased their target price on shares of Chevron from $119.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, August 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.20.

Insider Activity

In other news, Director Wanda M. Austin sold 11,432 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $161.45, for a total transaction of $1,845,696.40. Following the completion of the sale, the director now directly owns 3,560 shares of the company’s stock, valued at $574,762. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Wanda M. Austin sold 11,432 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $161.45, for a total transaction of $1,845,696.40. Following the completion of the sale, the director now directly owns 3,560 shares of the company’s stock, valued at $574,762. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Pierre R. Breber sold 22,500 shares of Chevron stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $161.39, for a total value of $3,631,275.00. Following the completion of the sale, the chief financial officer now owns 7 shares of the company’s stock, valued at $1,129.73. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 141,732 shares of company stock valued at $23,024,499. 0.32% of the stock is currently owned by company insiders.

Chevron Company Profile

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Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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